re: OT - You've got $15-18,000 sitting. What would you do with it?

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And he’d be taxed on the money before putting it in the Roth. With the traditional or 401, he wouldn’t.

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Depends upon what type of property it is. If it’s an estate or an income property he’ll have already paid the taxes anyway. If it’s gain on a personal residence and within a certain range he won’t be responsible for taxes. I believe a 401k contribution has to come from an employer. Might slide by on a traditional IRA though, again depending upon the type of property.

ETA: as it is an estate property, per OP, he will have a tax liability before investment anyway.

As I said before there’s alot of variables and ifs/ands/buts.

If he starts a rattlesnake farm he doesn’t have to worry about any of this shite.

frick the cryptocurrencies....there isn't a reliable economist on the planet who thinks it's a good idea. It is taking the idea of fiat currency to a preposterous place where you own literally nothing and that nothing is backed by the guarantee of no one. I'm not saying people who invest in it are idiots but I'd definitely argue that most paid more attention to the surge in "value" and bloggers rambling on about this "great new idea!" than they did the actual fundamentals and long-term feasibility of crypto.

Toss your money into an indexed ETF; the stock market doesn't show any signs of bursting within the next year. Chinese stocks are also a very, very good option given the current push for isolation here in the US while China goes out and signs very favorable trade deals around the globe.

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So...just like regular money.

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Well, I can go pull cash anytime I need to at a bank and it's at least FDIC insured. Now that may not actually amount to anything, but it's still more than you've got with cryptocurrency.

And based on what I posted from ethereum's site earlier, a lot of people here would stand to lose bigly due to a heavy porn addiction.... Computer gets compromised and they tell you that you WILL lose your ether.....meh.

I'm finally at a comp so I can type a little more easily. LOL at everyone downplaying crypto, I'm assuming you're over 50 years old. People always hate what they don't understand. First of all...no, you should not fund your retirement with this. Take advantage of an employer match, max your Roth, etc. This is simply another vehicle in which to make money.

With that said..if you think Ethereum is some fad then you're wrong. I started buying ETH in may at $90, it's currently selling for $1350. And this is still only the beginning, it's not even a household name yet! Imagine what will happen when it hits mainstream.

Now for OP and others who are clueless...Ethereum (ETH) and Bitcoin are not alike at all other than that they are both using blockchain technology and are both "cryptocurrencies". But here's the thing. Bitcoin is imply a currency and nothing more. Like literally that's all it is, it's used to purchase goods and services. It is extremely limited in what it can do. ETH however is an entire platform that will revolutionize how companies do business. It is a decentralized blockchain platform that will quickly and easily allow companies to make transactions more efficiently than ever thought possible. Basically, in the future myriad companies will use Ethereum's technology to perform their transactions.

And while you sit there and think "well this is a bunch of malarkey like ItWorks or Spark", here is the Enterprise Ethereum Alliance, basically a group of companies who have signed on with ETH to start learning and utilizing their technology to improve their business practices. Accenture, Cisco, Deloitte, ING, Intel, JPMorgan, Microsoft..ever heard of 'em? If these people are devoting themselves to get in early then you'd be foolish to think this is simply some fly by night operation.


I heard a good comparison the other day I think is accurate. Bitcoin is AOL; it was the first and the forerunner that brought things to the mainstream. When AOL came out people's minds were blown and it got kids and grandmas alike warmed up to the idea of the internet. ETH is google...it is the exponentially better entity that people couldn't have even imagined when AOL was created. We owe a debt of gratitude to Bitcoin for introducing crypto the mainstream, but ETH is the future. Think of it like Java. Nobody ever logs onto "java.com", but in many of the websites you go to it runs java in the background to perform whatever its doing. That's ethereum...it is the engine powering the everyday transactions.

Now, to OP and others....how to buy ETH? Coinbase is your best bet. It is extremely user-friendly and your fiat is backed by the FDIC. It will take a week or so to get verified, but it's worth it. I linked my bank account and it didn't take long at all. Once your verification is complete, simply go into your CB account, click "buy funds", and buy some ETH with your bank account.

I especially recommend this for OP since he has a 2 year window. I honestly cannot think of a better and easier way to turn a profit in 2 years than buying ETH.

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good God man, don't listen to some of these people. People like rig ant others make it seem like movie hackers with dark sunglasses typing 350 wpm are just hacking into your life with ease. You aren't losing your shite just because it's on the computer, I mean you can pull up your bank acct on the computer but you aren't worried about that right?

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Aight, aight...pump the brakes, man. I'm not disavowing it totally, but it's a lot easier to buy in at 90.00 per than at 1,350.00 per. At the current price (and that's assuming it doesn't go up between now and when we close at the end of the month), I could only buy 13 of these, max. What kind of profit can I really expect on that? And honestly, I don't want to drop all $18k on something like this.

Segway was going to change the world or at least that's what we were all told. When major companies start adopting this stuff in practice, I'll buy in. But I'm not surprised to see tech companies jumping aboard and being early adopters. It's still got a long way to go.

And I'm totally not worried about my bank accounts being accessible online. That's not what I'm concerned about. I'm concerned about ethereum's own legal disclosure that if your computer (i.e. Your physical machine) is compromised, you will lose your ether, contracts, etc. I didn't make that up. It came from their website. So what am I missing?

And I'm 38, btw.

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I'm concerned about ethereum's own legal disclosure that if your computer (i.e. Your physical machine) is compromised, you will lose your ether, contracts, etc. I didn't make that up. It came from their website. So what am I missing?

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Coinbase is a website no different than wellsfargo.com. When you purchase ETH on coinbase, they are holding your ETH. If you get a virus on your computer it's not going to delete all your ETH since your ETH isn't stored on your computer.

Now, as I mentioned earlier there are a couple different storage options you have called wallets. Some wallets are on your actual computer, so in the event you do have a storage wallet on your computer and you are "hacked" then I suppose you could lose them. The odds of that are astronomical though. I leave all of my ETH on coinbase as do millions of others and have no worries. People who have a frick ton of USD on there use a hardware wallet (Trezor is a popular one) which basiscally transfers your online ETH wallet onto a device that looks like a USB that you keep to yourself. I don't feel that's necessarly thogh personally.

Haven’t read the entire thread, but just curious. What is it’s value based on?

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17.5k, same color to t-shirt

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